Forlì, 28th March 2011 – Ferretti Group CEO Salvatore Basile suddenly passed away yesterday after suffering a heart attack. He was 58.

The entire Ferretti Group team, Chairman Norberto Ferretti, the Board of Directors and the Executive committee, deeply shaken by his premature death, share the sorrow that Mrs Basile and family bear. He will always be remembered for the great love he had for his work, his strategic vision and strong, sensitive personality, qualities he managed to convey instantly to all Group employees, with enthusiasm, motivation and strength.

Salvatore Basile began his career in the late 70s working for CM-Carlo Miazzo, and going on to cover roles of increasing responsibility in the groups ZF, Saeco, Demm SpA, De Longhi and Baxi SpA. Lastly, in 2009 he was appointed CEO at Ferretti Group, where he superbly managed its reorganization and relaunch project.